Husky Energy updates 2016 guidance

'We continue to take decisive action in this period of persistent supply-demand imbalance,' said CEO Asim Ghosh. 'These actions are in line with the principles we have established, namely, balancing capital spending with cash flow and maintaining a strong balance sheet. Our fundamental goal remains unchanged - the steps we are taking will see Husky emerge from this cycle as a more resilient and more profitable company.'